Washington § 41.32.840 Computation of the retirement allowance.

Washington Statutes

§ 41.32.840 — Computation of the retirement allowance.

Washington § 41.32.840

Title 41PUBLIC EMPLOYMENT, CIVIL SERVICE, AND PENSIONS

Ch. 41.32TEACHERS' RETIREMENT

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Bluebook

Wash. Rev. Code § 41.32.840 (2026).

Text

(1)A member of the retirement system shall receive a retirement allowance equal to one percent of such member's average final compensation for each service credit year.

(2)The retirement allowance payable under RCW 41.32.875 to a member who separates after having completed at least twenty service credit years shall be increased by twenty-five one-hundredths of one percent, compounded for each month from the date of separation to the date that the retirement allowance commences. Effective dates — 1996 c 39: See note following RCW 41.32.010 . Intent — Purpose — 1995 c 239: See note following RCW 41.32.831 . Effective date — Part and subchapter headings not law — 1995 c 239: See notes following RCW 41.32.005 .

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(1) A member of the retirement system shall receive a retirement allowance equal to one percent of such member's average final compensation for each service credit year.

(2) The retirement allowance payable under RCW 41.32.875 to a member who separates after having completed at least twenty service credit years shall be increased by twenty-five one-hundredths of one percent, compounded for each month from the date of separation to the date that the retirement allowance commences.

Effective dates — 1996 c 39: See note following RCW 41.32.010 .

Intent — Purpose — 1995 c 239: See note following RCW 41.32.831 .

Effective date — Part and subchapter headings not law — 1995 c 239: See notes following RCW 41.32.005 .